GOGL – Final results of the Subsequent Offering
April 27 2021 - 3:40AM
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN
WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
27 April 2021, Hamilton, Bermuda
Reference is made to the stock exchange release
by Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the
"Company”) on 26 April 2021 regarding the
preliminary results of the subsequent offering (the
"Subsequent Offering").
Based on received subscriptions at the expiry of
the subscription period in the Subsequent Offering, a total of
2,710,377 shares were allocated in accordance with the allocation
criteria set out in the prospectus dated 14 April 2021. As a
result, the Company will issue 2,710,377 new shares at NOK 53.00
per share, raising gross proceeds of NOK 143.6 million.
Notification of allocations in the Subsequent
Offering and the corresponding amount to be paid by each subscriber
will be distributed to the relevant subscribers in a separate
letter to each subscriber today. The payment date for the Offer
Shares is 29 April 2021.
Subject to full payment being received, the new
shares are expected to be issued on or about 3 May 2021 and
delivered to the subscribers' VPS accounts on or about 5 May
2021.
The new shares issued in the Subsequent Offering
are restricted shares under the U.S. securities laws and may only
be offered or sold in the United States pursuant to an exemption
from the registration requirements of the US Securities Act
(defined below). Accordingly, the new shares are subject to the
terms and conditions, including the transfer restrictions, set
forth in the Subscription Form.
Arctic Securities AS and DNB Markets, a part of
DNB Bank ASA, are acting as Managers for the Subsequent Offering.
Advokatfirmaet Wiersholm AS is acting as the Company's legal
advisor. Seward & Kissel LLP has been acting as the Company's
legal counsel as to U.S. law and MJM Limited has been acting as the
Company's legal counsel as to Bermuda law.
This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
Important information:
The release is not for publication or
distribution, in whole or in part directly or indirectly, in or
into Australia, Canada, Japan or the United States (including its
territories and possessions, any state of the United States and the
District of Columbia). This release is an announcement issued
pursuant to legal information obligations, and is subject of the
disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act. It is issued for information purposes only,
and does not constitute or form part of any offer or solicitation
to purchase or subscribe for securities, in the United States or in
any other jurisdiction. The securities mentioned herein have not
been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "US Securities Act"). The
securities may not be offered or sold in the United States except
pursuant to an exemption from the registration requirements of the
US Securities Act. The Company does not intend to register any
portion of the offering of the securities in the United States or
to conduct a public offering of the securities in the United
States. Copies of this announcement are not being made and may not
be distributed or sent into Australia, Canada, Japan or the United
States. The issue, exercise, purchase or sale of subscription
rights and the subscription or purchase of shares in the Company
are subject to specific legal or regulatory restrictions in certain
jurisdictions. Neither the Company nor the Managers assumes any
responsibility in the event there is a violation by any person of
such restrictions. The distribution of this release may in certain
jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction. The Managers are acting for the Company and no one
else in connection with the Subsequent Offering and will not be
responsible to anyone other than the Company providing the
protections afforded to their respective clients or for providing
advice in relation to the Subsequent Offering and/or any other
matter referred to in this release.
Forward-looking statements:
This release and any materials distributed in
connection with this release may contain certain forward-looking
statements. By their nature, forward-looking statements involve
risk and uncertainty because they reflect the Company's current
expectations and assumptions as to future events and circumstances
that may not prove accurate. A number of material factors could
cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.
Please see the information that we file with and furnish to the
U.S. Securities and Exchange Commission for a more complete
discussion of these factors and other risks and uncertainties. The
information set forth herein speaks only as of the date hereof, and
the Company disclaims any intention or obligation to update any
forward-looking statements as a result of developments occurring
after the date of this communication.
Golden Ocean (NASDAQ:GOGL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Golden Ocean (NASDAQ:GOGL)
Historical Stock Chart
From Sep 2023 to Sep 2024